Weed and banking up in smoke?
1. As of March 15th 2018, the Oregon Center for Public Policy (OCPP) reports that renters stand at the epicenter of Oregon’s housing crisis … LINK
2. According to the above report, one in three Oregon families struggle to afford housing. Housing instability, in turn, undermines the physical and mental health of families, as well as the ability of children to succeed in school.
3. ECfES describes how childhood neglect and abuse is the primary contributer to addictive behavior later in life, cascading outwards into continuous cycles of drug war human rights abuse and loss of human liberty… LINK
4. Hand-written letter (above) from Philippine Senator Leila De Lima, who remains imprisoned in a Philippine jail by drug war advocate, President Rodrigo Duterte. Updates on her condition : LINK 1 & LINK 2.
5. Jeff Sessions has enabled the production and supply of a synthetic variation of THC known to cause liver damage.LINK
6. Jeff Sessions also wanted to executed “drug dealers and pushers”.LINK
7. Any War on any Plants is a War on All People.LINK
…to pay her employees, she relies on cash — although her employees would prefer a check or direct deposit. Every month, when she has to pay her taxes, she says she or an employee has to drive to Salem with the cash.
…regulations have resulted in banks’ closing [some Oregonians] accounts — personal and business. Once her bank found out the property she owns houses a dispensary, it closed her account, making it difficult to pay her mortgage. “To pay for the mortgage, I have to get hard money loans,” she says. “The interest rates are 12 to 15 percent. My mortgage is 4 to 5 percent. I’m getting hit really hard.” … A handful of banks offer services to marijuana businesses, but the cost is high. “The average cost of maintaining a bank account (for a marijuana business) is about $1,500 a month,” says Don Morse, chairman of Oregon Cannabis Business Council. “That’s a lot of money just to take deposits and write checks.” The federal government has tried to provide some guidance to banks in dealing with marijuana-related businesses. The Cole Memo, issued during the Obama administration, was intended to protect states that legalized marijuana from federal interference. Earlier in 2018, under Donald Trump, Attorney General Jeff Sessions rescinded the memo. The U.S. Department of Justice declined comment to Eugene Weekly and instead referred to Sessions’ memo on marijuana enforcement released January 2018. It announced the return to a prohibition of cultivation, distribution and possession of marijuana to “disrupt criminal organizations, tackle the growing drug crisis, and thwart violent crime across our country.”
Original Article (Eugene Weekly):
Weed and Banking Up in Smoke? & Cost Burdened Housing
Artwork Fair Use by: By ECfES.org Newsletters